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20110731
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. good morning, every. the big weather story has been the drought and the heat throughout much of texas. we were very encouraged that we could get a tropical storm that would head over texas and you can see that big red blob. this is tropical storm don. it does not appear that don will bring us the relieve that we need. houston probably won't see anything, corpus krissy christy some showers. it has tracked further south than we would have liked. you can see that the bapath is more north/northwest. we wanted to end up in central texas. it looks like it will rain itself out over northern mexico and the mountains and that will quickly break the storm up. so even west texas may not get the relief we were hoping for. landfall should be sometime close to midnight and then it will quickly be moving out. so in brownsville, by saturday morning, this could be over with. and it should be anywhere between a 50 to 65-mile-an-hour tropical storm. so at bit of a pump, but it won't do any devastation. we were hoping for rain. you can see the scattered showers off the coast that will be arriving during
. if a crisis can be averted. if democrats and republicans can come to an agreement on the big fight that has been frankly smothering american politics for weeks now. president obama announced earlier today that he wants to see a deal done by tomorrow on the big debt ceiling fight that has consumed every bit of oxygen in d.c. for the last few months. the president saying tonight that congressional leaders are on the clock. they have 24 to 36 hours to get a deal done. as planning a vote that the u.s. government should not default on our debt and shut down comes down to the wire, we are inching close enough to the edge here that two of the world's major credit rating agencies have warned that our national credit rating may be downgraded as a result of this standoff. the day that the u.s. would actually hit the debt ceiling and start going into default and shutting down is august 2. but this does not mean that we have until august 2 before we lose our national credit rating. that could just happen right now. because of the uncertainty and because of how long it is taking to get this done. right
economic soundness to this country. that take as big deal. a lot of pain. democrats are upset the president talked about pain on their side of the ail and republicans are saying no way will we give tax relief to middle income americans. they want to continue tax relief to the wealthy. everyone agrees a number around $4 trillion will make a serious debt on our deficit. it will send a statement to the world that the u.s. has gotten ahold of their fiscal problems and they are moving forward. it will give confidence to the american people that we can move forward to bring economic soundness. that's the president's commitment. >> 6:00 on the east coast. welcome to "morning joe." look at that nice live look at times square. joe is looking spify today. he went shopping. it is monday, july 11th. >> i don't know what that means. >> we have msnbc -- well, yes. this is unusual. we have msnbc contributor mike barnicle, john heilemann. what's so funny? >> yeah, what's so funny? i don't get it. he's back. >> we can't get him to leave. we have "morning joe" economic analyst steve rattner and in washington
. >> reporter: at one point murdoch claimed his company is too big to know the details of each business. there can be more tough questions ahead. the british prime minister david cameron has called a judiciary inquiry. they could be summoned for that. and some u.s. lawmakers want their own hearing on capitol hill. stephanie gosk, nbc news, london. >>> lawmakers finally appear to be making bipartisan progress in those ongoing divide over what to do about the debt limit. for the latest, we go to tracie potts in washington for us. good morning. >> reporter: lynn, good morning. just a glimmer of hope this morning from the so-called gang of six. three democrats and republicans who have been working together on a compromise. the plan on the table would cut $4 trillion from the deficit, lower taxes, but also bring in a trillion dollars in new revenues by closing tax loopholes. both sides seem to like it at least as a first step. president obama calling this a very significant step in line with what he's been working on at the white house. republicans saying it has good elements. they want to t
14% in taxes and corporations pay 0%, and you raise more, you can have us a big deal here. >> they're still drawing lines in the sand that seem insurmountable with weeks to go before the august 2 deadline, congressional leaders are heading back to the white house today for yet another meeting to reach a deal on raising the country's debt ceiling. officials familiar with the negotiations say majority leader eric cantor dominated yesterday's meeting. cantor laid out what was agreed upon in the deficit reduction talks led by vice president biden, specifically $2 trillion in cuts in the next decade. the figure includes $1 trillion in discretionary spending. $200 billion in medicare and medicaid. and $200 billion to $300 billion on saved interest in the debt. >> so the military -- the military, i guess, comes in in the mandatory discretionary spending. >> military. >> sources familiar with the talks add that after the presentation president obama said the two sides might be able to reach consensus on roughly $1 pp 7 trillion. but there are still some issues to resolve. at one point in t
with a mini deal, we have a maxi problem. big problems aren't going to go away if you cut a mini deal. >> reporter: he blasted an idea suggested by some democrats that the u.s. constitution empowers the president to keep on spending even if uncle sam goes over his credit limit. brian mooar, nbc news, washington. >>> here is your first look at some of the other news going on around america today. a violent thunderstorm tore through washington, d.c., yesterday where a 56-year-old cyclist was killed by a falling tree limb. at one point in the afternoon police cleared spectators off the capitol's west lawn where preparations for today's big independence day concert were under way. fortunately the weather cleared up in time for the evening rehearsal. >>> elsewhere across the country, several cities held their fourth of july fireworks display a day early. sparks flew at the annual red, white and blue festival in florida. crowds in kansas city and columbus, ohio, took in an equally awesome spectacle of color. >>> in los angeles, experts were busy setting up what they say will be the fastest
have a big jump in revenue. obama has been saying let's thai the bush tax cuts are going to lapse and we are going to extend the ones for the middle class. republicans are afraid to let him do that up front. it would kill momentum for a tax reform. >> but, but, but why just get rid of the bush tax cuts. if they are so awful, why not get rid of all of them. get rid of all of them for everybody. if tax cuts are the worst thing ever, the bush tax cuts, get rid of the bush tax cuts for everybody and raise billions in revenue. >> right. i think we could probably figure it out sitting around the table. i don't think it's that difficult. they are locked in in political terms. it's a much different issue to them. you can make rational compromises and deals here. the problem is, how do they do it. what's happening is they are at the point where they realize the consequences. at some point, they realize they have to do something other than hold the ground saying this is it. we're not going to change anything. we are at that point and we have little time to work with. >> howard dean, look wh
known and they talk about it a lot in the market, and is it getting big r bigger. >> the last time we heard about it is when he bought the "wall street journal," and they said that buying into the troubled newspaper sector is a bad idea and now newspapers like "news of the world" are shuttered and parts of the business and analysts love fox news and fox network and bskyb who he wants to own the rest of it which is off of the table now because of to scandal, but if they can concentrate on the high performing assets, they are okay in the long run. news corp is not going to allow the company to be hurt in the long run, but the newspaper division, clearly wounded. >> and they could have problems going forward, because yahoo!'s daniel gross did an interesting column on this and he said that the hit to the credibility will create a different freedom for working there and harder for places that the murdoch companies own to hire good journlgists, because to get them to come over after this is that you will have to pay them extra, and more to sort of deal with the reputational problems of the
. nonweather-related. >>> coming up, stocks stumble, big deals in the works. >>> and a costly online business hiccup. your "first look" at this morning's business headlines is straight ahead. >>> the sluggers swing for the fences and one player turns a home run derby into a family affair. this past year alone there was a 93% increase in cyber attacks. in financial transactions... on devices... in social interactions... and applications in the cloud. some companies are worried. some, not so much. thanks to a network that secures it all and knows what to keep in, and what to keep out. outsmart the threats. see how at cisco.com cisco. >>> weshl web welcome back to "first look." afghan president's hamid karzai's half-brother was shot and killed today in his own house by a friend. to critics, ahmad walid karzai had become a symbol of corruption within the karzai administration. >>> supporters stormed the u.s. and french embassies in damascus, wednesday. this, as secretary of state, hillary clinton, said assad has lost legitimacy in the wake of the country's brutal crackdown on protesters. >>> the
that she could catch fire. look, when you start this thing, when you win iowa, if you win iowa big, that thing starts rolling through new hampshire and south carolina, it's over in weeks. i agree 100%. >> how was she going in philadelphia suburbs? how is she going to do in the i-4 corridor and in wisconsin? how is she going to do in new mexico, arizona? i would suggest, with swing voters not well at all. >> there's no doubt if you nominate michele bachmann, it's an enormous risk. the only conditions, i think, under which i believe she could win the presidency, if people say, if they did in 1980, i don't care, i'm taking a chance with this guy because what we got we can't stand, you get 9% or 10% unemployment, two more years, this country is ready for a lot of change. more "morning joe" in a moment. with the hotels.com 48-hour sale, the possibilities are endless. interesting... save up to 50% this tuesday and wednesday only. hotels.com. be smart. book smart.  finally, there's a choice for my patients with an irregular heartbeat called atrial fibrillation, or afib, that's not cause
. how exciting. >> they match. >> they do match. >> the big news of the day, yesterday, of course, was moody's coming out and saying, listen, we don't expect this to happ happen. the chances are slight this is going to happen. just the chance it may happen, we are going to downgrade america's credit rating. >> we are going to put it on credit watch to downgrade it or we will downgrade it if it happens. first of all, the rating agencies were behind the curve during the whole financial crisis and they took a lot of heat for that. now they are trying to be more proactive. when you have a congress that refuses to address the issue, what do they do? it's not a shocker. it's another symbol of how dysfunctional things are in washington and what the stakes are and how dangerous it is. you know a few people across the globe. >> i like it when mika says it better. >> say international financeer. >> i would think these are trying times for banks across the world. look at ireland a second time. it's spread to italy. we have all heard -- greece, portugal. it's all across europe. it's coming to
you can follow my tweets at lawrence. and msnbc's coverage continues right now. >>> tax grab -- big airlines decide not to pass on savings from the temporary government tax halt to consumers. >>> and sticker shock -- a japanese department store offers one of the most expensive box lunches ever. good morning, i'm amara sohn, those stories and more are straight ahead on "first look" on msnbc. >>> we begin this morning with dueling over the debt. president obama and house speaker, john boehner escalated the battle over the debt limit last night. they both appealed to american television viewers in speeches that reflect the two sides being farther apart than ever on the issue. nbc's tracey potts has more from washington. >> we're now one week away from the deadline for default and it looks like the white house and congress are no closer to a deal. >> this is no way to run the greatest country on earth. it's a dangerous game that we've never played before. and we can't afford to play it now. >> reporter: president obama is taking his behind closed doors fight public, urging taxpayers to
make a big play. plus, man down as the padres heath bell slides his way into an all-star appearance. your first look at sports is straight ahead. [ male announcer ] if it's true that sharks can sense even a drop of blood from a quarter of a mile away, which razor would you use? ♪ ♪ ♪ vietnam, 1967. i got mine in iraq, 2003. u.s.a.a. auto insurance is often handed down from generation to generation, because it offers a superior level of protection and because u.s.a.a.'s commitment to serve the military, veterans, and their families is without equal. begin your legacy. get an auto insurance quote. u.s.a.a. we know what it means to serve. >>> welcome back to "first look." i'm lynn berry. and in sports with an eye on the bottom line the cash-strapped nets send they are closer, k-rod, packing. here's nbc's mario solis. >>> hi, there. good morning. the mets and the brewers were wheeling and dealing. new york-traded closer francisco rodriguez from milwaukee for a pair of players to be named later. k-rod was in line for a $17.5 million option, something the mets wanted no part of. now
this theater for however long it's been now really pumps it up. i never thought there was going to be a big deficit or debt reduction deal between the two parties because it's not in the interest of either party. i think the republicans were tactically terrible because they allowed obama to sort of portray himself or present himself as the one who is above the fray and who is interested in making the most cuts to the budget and to the debt going forward. and then making it appear, not appear but it's true, the republicans are walking away from a real deal to cut spending in this country. also, it gave obama and the democrats a chance to spotlight the republicans position on taxes. there's no way to get a handle on budget deficits over the long term debt without raising somebody's taxes. >> if this is raising the white flag, if this is going against the base, what is the difference between this and cutting a deal on tax loopholes and other things that would not impact their message overall. what makes this better? >> this is horrible. >> it's stupid. >> it's a nightmare. it's cynical. the se
to task for what it's doing? >>> big news today. martin bashir, the mega panel here in new york, msnbc political analyst karen finney, republican strategist susan del percio and martin. doing a tremendous job in articulating the media, specifically news corp. and power in great britain. is a corrupt government by definition something that can only get worse in the face of a corrupt media and are we now seeing that be revealed? >> interesting to hear rupert murdoch to describe him visy itting downing street the back door both with the previous prime minister gordon brown, the one prior to him, tony blair and the current prime minister david cameron. and on each occasion the members of parliament said, why didn't you come through the front door? and he said, because this is what the inhabitant of number 10 asked me to do. so there was clearly a very close relationship between him and each prime minister. you have to remember that this man's newspapers claimed to be able to swing elections. in 1987 after the general election, the following day, the "sun" newspaper had a front page headlin
: that's the big question today. that is what everybody is asking. republicans today are seizing on the job numbers, reinforcing their very firm stance against raising taxes. they say by their calculation that's that cost jobs to raise taxes in an economy such as this one, causing ploishz to shed more jobs. >> nbc's mike viqueira will be joining us later in the hour. thanks, vic. just moments ago house speaker john boehner reacted to the new jobs numbers. take a listen. >> after hearing this morning's jobs report i'm sure the american people are still asking the question, where are the jobs? the stimulus spending binge, excessive government regulations, and our overwhelming debt continue to hold back job creators around our country. >> all right. let's bring in former clinton deputy press secretary jennifer palmieri, senior vp of communications at the central for american progress, and republican strategy of the boris epstein. thanks for joining us today. wish we had better news to talk about today. i want to start with this. first of all, your reaction, jennifer to what spoker b
today. >> bill, thanks so much. >>> big ben takes the wind out of wall street's sales. your first look at this morning's business headlines is straight ahead. >>> the nfl lockout is nearing an end. the roger clemens trial is over. is there such a thing as an all-star game hangover? if you're the yankees, the answer is yes. you're watching "first look" on msnbc. [ female announcer ] now, give dry, damaged hair a whole new life! with aveeno nourish plus moisturize. active naturals wheat formulas target and help repair damage in just 3 washes. for softer, stronger... ... hair with life. [ female announcer ] nourish plus. only from aveeno. didn't taste so vegetably? well, v8 v-fusion juice gives you a full serving of vegetables, plus a full serving of fruit. but it just tastes like fruit. and try our deliciously refreshing v8 v-fusion + tea. vietnam, 1967. i got mine in iraq, 2003. u.s.a.a. auto insurance is often handed down from generation to generation, because it offers a superior level of protection and because u.s.a.a.'s commitment to serve the military, veterans, and their families
this will not be effecting anyone in the southeast u.s. let's get back to the heat wave because this is the big story of the week. historic heat wave. last week we had a heat wave for a couple weeks but this one will last all week. we have excessive heat warning in st. louis from now until friday. that's unheard of to go that long. huge ridge of high pressure will expand and head to the eastern seaboard where it's going to get uncomfortable as we head to the end of the week into the upcoming weekend. the dangerous heat right now, if you're elderly, the children, you know, day after day, anyone without air conditioning, is going to be in the orangish color. we're used to the heat in the dallas area. it's been 10 0 degrees now 16 days in a row. but you only have heat at vizryes to your north. it's where the humidity is very high. heat indexes will be in the dangerous level from minneapolis, all of iowa, kansas city, omaha, st. louis. how hot will it be? kansas city around 9, same for you in st. louis. when you add in oppressive humidity, it's not your typical humidity. ipts much more humid than it shou
. >> the president goes big, surprising his base and republicans. >> the president is considering major changes in social security and medicare. >> he is willing to put sacred cows on the table. >> the american people didn't send us here to wage symbolic battles. >> the white house is winning the politics here. >> republicans and democrats are not sold yet. >> house democrats are not supporting any cuts in benefits for social security or medicare. >> tax hikes are off the table. >> the democrats in congress will not balance the budget on the backs of social security beneficiaries. >> we're not for raising taxes. >> but eventually, republicans are going to have to agree toing? . -- to something. >> i will not vote to increase the debt ceiling. >> it's insanity. >> i will reconvene congressional leaders here on sunday. >> meeting again on sunday. >> they are going to come back here sunday. >> and sunday is also the end of rupert murdoch's best-selling paper. >> the end of "news of the world." >> closing on sunday after 168 years. >> all of the things that people have talked about, this is an evil
that links murdoch, voice mail hacks, and the british prime minister. in companies embracing the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. so i took my heartburn pill and some antacids. we're having mexican tonight, so another pill then? unless we eat later, then pill later? if i get a snack now, pill now? skip the snack, pill later... late dinner, pill now? aghh i've got heartburn in my head. [ male announcer ] stop the madness of treating frequent heartburn. it's simple with prilosec otc. one pill a day. twenty-four hours. zero heartburn. no heartburn in the first place. great. >>> we here at the last word would like to help the debt ceiling debate. where can we find tax revenue to improve the economy? here's one idea, headline hat tip to alternate. if just the top 25 hedge fund managers, 25, 2-5, paid taxes like you and me, we'd cut $44 billion off the national de
or you know, too big government. because there's plenty that needs to be done in this country. we need to fix schools. we need to fix sewers at water systems. we need to hire more healthcare workers and child care workers. and that's exactly what wee we should do. this is back -- >> we need to build highways, tunnels. look at traffic you've got to go to in chicago just to get to the show. representative, thanks for your time tonight. have a great weekend. >> thank you, al. >>> up next, michele bachmann takes another big step to the right. and falls off the deep end. is she taking her campaign down with her? >>> and the party of the rich is having some money problems. stay with us. [ male announcer ] this is america. what makes our country great? our can-do spirit and our can-do cheese. kraft singles. this cheese rolls up its sleeves and gets the job done 'cause we're always made with milk and we're rich in calcium to help build 'em up strong! and fast! is is salonpas. >>> welcome back to the show. now to discuss some of the big political stories. with we have the power panel. joining m
of this award. it is a big surprise but we should have known a couple of months ago you are pretty good at this covert ops stuff. >>> it has been one day since president obama's news conference where he blasted congressional republicans for failing to strike a deal on raising the debt ceiling. now republicans are hitting back. sticking point in negotiations was the democratic push for raising taxes on wealthy americans. republicans say this is not an option. slamming the president on capitol hill yesterday. >> congress is not going to approve hundreds of billions of dollars in tax hikes. it's simply not going to happen. the president does not seem to get it. >> not to be reckless, not to give demagogic speeches like the president gave yesterday. disgraceful. he should be ashamed. >> now he says it isn't worth his time to come down to talk to republicans. i remember when he talked to republicans before and all we got was a lecture, so maybe if he would take a valium, calm down and come talk to us t might be helpful. >> wow. rhetoric continues on the senate floor with kentucky senator ran
, actually, if they know there's a big deal behind it will be quite -- wouldn't they, john heilemann? >> i think so. the time is tough right now. listen to harry reid and mitch mcconnell who know how the senate works and how long it takes to do the following things, to reform medicare and tax reform. they are things that typically can take many months to get done. >> isn't it a surprise? it wasn't a surprise the show started at 6:00 a.m. on the east coast. it's no surprise we have a deadline. >> to build the legislation is not something that can happen in the span of four or five days. you can't. the key issue is what obama will be wanting to see is the outlines of a deal where he has a good assurance the outlines of the deal can get past once the meat is put on the bones. if that's the case and the markets see that, everything will be fine. whether it's a few days extension or a couple weeks, it's going to take a lot to get to that point. there's no consensus on the house side among house republicans in favor of what the gang of six is doing. as we saw in the film, the video, house democr
thank you, richard. we'll begin right now. >>> the big story today, political poker, washington upping the ante. good afternoon, my name is dylan ratigan. nice to be seeing you. put on your poker face, my friends. president obama summoning congressional leaders back to the white house. first the democrats go with the -- the republicans shortly thereafter. they say they have a bipartisan proposal. we'll see how bernie sanders feels about it. it won't be done in time to raise the desert ceiling. all bets are on a short-term -- expect some sort of gang of six, reid/mcconnell hybrid deal. all you really need to know, whatever this deal is, it does nothing to address the structural causes of our deficit and joblessness from tax reform to trade reform to bank reform. instead you have politicians cutting things that are politically desirable for their constituents so that the politicians can try to keep their jobs while preventing us, the american people, from getting the structural improvements, banks trade, et cetera, that we all so desperately need. the pro wrestling continues. can
of war widows being hacked. seems that's making a lot of headlines in england. how big is the fallout of this story going to get? >> well, i mean it's reached a level to everyone in the uk has found astonishing. a story for a long time has been bubbling under and has been the preserve of a group of people who are interested in the media. now it's coming of something that's of obsessive interest in the country that are normal people, have not done something wrong, widows of people who have been killed fighting for the country in a war, absolutely astonishing. >> maybe a dumb yes question, why were they hacking these voice mails, using these for scoops in the paper? was that the intent? >> right, right, exactly. what's astonishing is shows they were doing it on fishing expeditions, not when they had a big story they wanted to confirm. whenever they had somebody's phone number, they'd go through their voicemails to see if they could find. they were looking at the voice mails years after the death of the soldiers basically hoping to get good, private information that would give them the j
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. the hang seng grew 196. the rally returned thursday as a big rebound in retail sales and strong job reports pushed stocks near the annual highs. they notched eight day of gains and briefly traded at the high for the year. both the dow and the s&p 500 stand close to their highs for 2011. retailers have their best june in 12 years as warm weather lure shoppers. urban outfitters gained 6%. first time unemployment claims dropped to a seven-week low, a sign of fewer layoffs, and another report showed companies added more than double the number of jobs economists had forecast for june and a huge jump for the previous month. all that boosted optimism for the government report on unemployment for june. yesterday they raised the forecast for the job creation by a whopping 75,000. there was bad news. oil rose over $2 a barrel as speculators gambled global demand will rise. and gas prices that dropped since may are up about a nickel since just the end of last week. >>> finally, in a stunning response to the scandal engulfing his media empire, r rupert murdoch put 200 out of work. england's biggest sel
was apparently trying to do, get a big deal in a balanced way. so, that's the good news. again, the details still have to come out and senator durbin, a member of the gang of six said yesterday, they don't have legislative language. the question is, you know, what can be done between now and august 2nd, if anything with the plan or do we need to continue to proceed with a back-up plan, plan b. >> chris, i was going to ask earlier, last hour to steve rattner who was here and suggested if the plan were to go forward, there would have to be a month or two month extension to allow the committee chairman and chairwoman in the house and senate to do their business. this would be the most dramatic reform of entitlement since the reagan era. there would have to be an extension of time for the debt ceiling, would there not? >> i think it's right. we would have to work out some interim arrangement to proceed down that road. again, exactly what the time line would be and that question would remain to be seen. the good news is this provides some additional momentum to the idea of getting something big done.
and blows a very big call plus a major league insect invasion in the major league cap tachlt. >>> you're watching "first look" on msnbc. ♪ let me make you smile ♪ let me do a few tricks ♪ some old and then some new tricks ♪ ♪ i'm very versatile ♪ so let me entertain you ♪ and we'll have a real good time ♪ [ male announcer ] with beats audio and flash, you can experience richer music and download movies straight to the new hp touchpad with webos. in most homes, it gets all the action. bring it -- with bounty. in this lab demo, one sheet of bounty leaves this surface as clean as 2 sheets of the bargain brand. why use more when you can use less? bounty. the one-sheet clean picker-upper. a vacation on a budget with expedia. make it work. booking a flight by itself is an uh-oh. see if we can "stitch" together a better deal. that's a hint, antoine. ooh! see what anandra did? booking your flight and hotel at the same time gets you prices hotels and airlines won't let expedia show separately. book it. major wow factor! where you book matters. expedia. vietnam, 1967. i got mine
Search Results 0 to 34 of about 35 (some duplicates have been removed)